Topic: Works Progress Administration
The middle class isn't spending because the values of their homes have plummeted, they've lost much of their savings, and their wages are dropping. Reich argues that Obama has a way to correct this, or at least not make it worse.
The recovery has been slow, but not because of Europe's debt crisis, Wall Street, or high taxes. American consumers, whose spending is 70 percent of economic activity, don’t have the money to buy enough to boost the economy.
Stock market debacle doesn't necessarily signal a spectacular crash. The stock market may be reacting to prospects of a garden-variety recession.
08/05/2011 12:17 am
High on hope, supporters heralded Obama as the new FDR. Two years later, many feel disillusioned. But FDR's actual record puts today's gripes about Obama into perspective.
10/15/2010 12:15 pm
With the worst jobs crisis since the Great Depression worsening, Congress and the Obama administration need to take bolder action to create jobs for American workers.
08/09/2010 05:44 pm
Haiti doesn’t need a Marshall Plan imposed by global elites. It needs improved conditions that empower all its people.
02/18/2010 03:23 pm
Mark Zandi, chief economist and cofounder of Economy.com, says the chances of a second recession are low. But should one occur, it would be even more difficult for the US to rebound again.
12/29/2009 12:27 pm
In an age of e-mails and blogs, people are hungry to produce something real.
12/04/2009 12:00 am
How the balance of power has shifted between the Republicans and Democrats.
08/18/2009 01:00 am
How America used to eat.
06/22/2009 01:00 am